Press release
Explosive Growth in Metal Cutting Machine Market: $6.87 Billion in 2024 to $9.47 Billion in 2029, Driven by Industrial Expansion and Technological Advancements
Metal Cutting Machine Market Size
What Is The Projected Market Size Of The Global Metal Cutting Machine Market And Its Growth Rate?
• The metal cutting machine market size in 2024: $6.87 billion
• The market is poised to grow to $7.29 billion in 2025, recording a CAGR of 6.0%
• The projected market size in 2029: $9.47 billion with a CAGR of 6.8%
The growth is precipitated by the advancements in manufacturing techniques, global industrial expansion, and the rise in sustainable manufacturing practices.
What Is Driving The Growth In The Metal Cutting Machine Market?
The proliferating automotive industry is the key driver of the growth of the metal cutting machine market. This industry capitalizes on the capacity of metal cutting machines to undertake repetitive tasks, significantly improving the production of precision components like gasoline injectors with the aid of Computer-aided design (CAD). The China Passenger Car Association reports a 2.2% surge in car sales in August 2023 compared to the same month the previous year, underlining the market's potential for expansion.
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Who Are the Key Players Driving Metal Cutting Machine Market Growth?
• Trumpf Pvt. Ltd.
• Amada Co. Ltd.
• Colfax Corporation
• Bystronic Laser AG
• Nissan Tanaka Corporation
• Lincoln Electric Holdings Inc.
• Coherent Inc.
• Komatsu Ltd.
• Koike Aronson Inc.
• Flow International Corporation
• Omax Corporation
• Okuma Corporation
• Yamazaki Mazak Corporation
• Doosan Machine Tools Co. Ltd.
• JTEKT Corporation
• ESAB Corporation
• WARDJet Inc.
• Prima Power AG
• Mazak Optonics Corporation
• Salvagnini America Inc.
• Cincinnati Incorporated
• LVD Group NV
• MC Machinery Systems Inc.
• Mitsubishi Electric Corporation
• DMG MORI Corporation
• Haas Automation Inc.
• Makino Milling Machine Co. Ltd.
• Hurco Companies Inc.
• Chmer EDM Co.,
• Shigiya Machinery Works Ltd.
What Are The Key Trends In The Metal Cutting Machine Market?
• High-speed machining and efficiency
• Integration of advanced CNC technology
• Advancements in multi-axis machining
• Application of augmented reality (AR) and virtual reality (VR) in machining
• A focus on sustainability and green technologies
What Are The Segments Of The Global Metal Cutting Machine Market?
• By Product: Laser Cutting Machine, Waterjet Cutting Machine, Plasma Cutting Machine, Flame Cutting Machine
• By Distribution: Online, Offline
• By End-User: Automobile, Aerospace And Defense, Electronics, Power And Energy, Other End-Users
Which Region Leads The Metal Cutting Machine Market?
Asia-Pacific commanded the largest share in the metal cutting machine market in 2024. The noteworthy regions encompassed in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, all contributing to the market's significant expansion.
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What Is Covered In The Metal Cutting Machine Market Global Market Report?
- Market Size Analysis: Analyze the Metal Cutting Machine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Metal Cutting Machine Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Metal Cutting Machine Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Metal Cutting Machine Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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